Jin Rong Jie·2025-12-30 07:02Core Viewpoint - The Hong Kong stock market is witnessing a rise in hard technology stocks, particularly in the semiconductor sector, with significant gains from companies like Mai Fushi and InnoCare, indicating a potential bullish trend in the industry [1][4]. Group 1: Market Performance - Hard technology stocks in Hong Kong are performing well, with Mai Fushi and InnoCare both rising over 11%, and other companies like UBTECH and Fourth Paradigm also showing notable increases [1]. - The first Hong Kong ETF focused on the semiconductor industry, tracking the "Hong Kong Chip" sector, has seen a rise of 1.89% with a trading volume exceeding 57 million yuan [1]. Group 2: Company Developments - Semiconductor Manufacturing International Corporation (SMIC) is making significant moves by acquiring 49% of its subsidiary, North Semiconductor, from five shareholders, which will result in SMIC owning 100% of North Semiconductor [3]. - SMIC's subsidiary, South Semiconductor, has entered into new partnership contracts and capital expansion agreements, securing a total cash injection of $7.778 billion [3]. Group 3: Industry Outlook - Industry experts believe that SMIC's capital operations may present new opportunities for domestic chip development, particularly in semiconductor equipment and AI infrastructure [4]. - The newly launched ETF focuses on a composition of 70% hardware and 30% software, heavily investing in semiconductor, electronics, and computer software sectors, with SMIC holding a weight of 20.48% in the ETF [4].